To: Goose94 who wrote (174539 ) 8/23/2024 5:46:59 PM From: Goose94 Read Replies (2) | Respond to of 203729 Blue Moon Zinc (MOON-V) Update On Private Placement August 21st 2024 - NR Further to its news release of Aug. 15, 2024, Blue Moon Metals Inc.'s private placement of 26.4 million common shares at a price of 3.5 cents per common share is fully subscribed. The private placement will be relying upon exceptions permitted by the TSX Venture Exchange in order to issue the common shares at less than five cents per common share. It is anticipated that proceeds from the private placement will be utilized as follows: the Blue Moon project, which expenditures are expected to include permitting, a geological review, engineering studies and/or geophysics (approximately 60 per cent), with the remaining amount for general working capital, including regulatory, legal and other fees associated with closing the private placement (approximately 40 per cent). None of the proceeds raised will be used to pay non-arm's-length parties or to finance investor relations activities (as each is defined in the policies of the TSX Venture Exchange). The private placement is scheduled to close on or about Aug. 30, 2024, and is subject to certain customary conditions, including, but not limited to, receipt of TSX-V conditional acceptance. The common shares will be subject to a statutory hold period of four months and one day from the date of issuance. There are no warrants and no finders' fees contemplated with the private placement. About Blue Moon Metals Inc. Blue Moon Metals is advancing its Blue Moon polymetallic deposit, which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure, including paved highways three miles from the site; a hydroelectric power generation facility a few miles from the site, a three-hour drive to the Oakland port and a four-hour drive to the service centre of Reno. Zinc is currently on the U.S. Geological Survey's list of metals critical to the U.S. economy and national security. The company also holds the Yava polymetallic project in Nunavut, which is in the same volcanic lithologies and south of Glencore's Hackett River deposit. More information is available on the company’s website (www.bluemoonmetals.com). For more information, please contact: Patrick McGrath, CEO 1-832-499-6009 pmcgrath@bluemoonmining.com